India inks 'watershed' $100 billion free trade deal with four non-EU nations
India to remove most tariffs in trade agreement with European nations.
- Bilawal Riaz
- 1 min read
India is set to remove most tariffs on four European nations in a significant trade agreement expected to bring in $100 billion in investment over 15 years and create one billion jobs. The deal with the European Free Trade Association countries - Switzerland, Iceland, Norway, and Liechtenstein - is considered a landmark development in India’s trade relations and is part of a series of trade agreements finalized by the Indian government recently. The agreement aims to boost India’s exports in various services sectors and includes provisions for mutual recognition in professional services such as nursing, chartered accountants, and architects.